Teck Resources (TSE:TECK.B) Price Target Raised to C$75.00 at Raymond James

Teck Resources (TSE:TECK.B) had its price target hoisted by Raymond James from C$70.00 to C$75.00 in a report published on Thursday,BayStreet.CA reports. They currently have an outperform rating on the stock.

Several other research analysts have also recently issued reports on TECK.B. National Bankshares cut Teck Resources from an “outperform” rating to a “sector perform” rating and lowered their price objective for the stock from C$85.00 to C$77.50 in a research report on Tuesday, December 10th. Canaccord Genuity Group lowered their price target on Teck Resources from C$80.00 to C$78.00 in a report on Friday, October 25th. Jefferies Financial Group cut their price objective on shares of Teck Resources from C$80.00 to C$70.00 in a report on Monday, January 6th. Scotiabank upped their target price on shares of Teck Resources from C$74.00 to C$75.00 in a report on Wednesday, November 6th. Finally, CIBC dropped their target price on shares of Teck Resources from C$80.00 to C$78.00 in a research report on Friday, October 25th. Two investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of C$76.29.

Teck Resources Price Performance

Teck Resources stock opened at C$60.39 on Thursday. The company has a current ratio of 1.48, a quick ratio of 0.97 and a debt-to-equity ratio of 37.46. The company has a fifty day simple moving average of C$61.68 and a 200-day simple moving average of C$64.34. The stock has a market cap of C$30.92 billion, a P/E ratio of 21.65, a price-to-earnings-growth ratio of -0.38 and a beta of 1.37. Teck Resources has a 12-month low of C$49.45 and a 12-month high of C$74.37.

About Teck Resources

Teck is a diversified miner with coal, copper, zinc, and oil sands operations in Canada, the United States, Chile, and Peru. Metallurgical coal is Teck’s primary commodity in terms of EBITDA contribution, closely followed by copper, with zinc and oil sands contributing smaller amounts to earnings. Teck ranks as the world’s second- largest exporter of seaborne metallurgical coal and is a top-three zinc miner.